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Title: Who's Hiring And Who's Firing: Government Accounted For 88% Of All January Job Gains
Source: [None]
URL Source: https://www.zerohedge.com/markets/w ... unted-88-all-january-job-gains
Published: Feb 5, 2021
Author: Tyler Durden
Post Date: 2021-02-05 14:06:21 by Horse
Keywords: None
Views: 72
Comments: 7

The government accounted for almost all of the headline gains, with 43K of 49K jobs, or 88% of all.


Poster Comment:

This won't last long. Neither will $4 trillion annual budget deficits.

At this rate whoever becomes President in January 2025 will inherit a $50 trillion national debt. Suppose the interest rate due to inflation rose to 10%. That would add $5 trillion to our annual $4 trillion budget deficit.

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#1. To: Horse (#0)

At this rate whoever becomes President in January 2025 will inherit a $50 trillion national debt. Suppose the interest rate due to inflation rose to 10%. That would add $5 trillion to our annual $4 trillion budget deficit.

That assumes we last that long.

It's one silver lining to Trump losing. He won't be blamed for the crash of the dollar that has a good chance of happening within the next 4 years.

Not that Trump was fiscally responsible. Addressing the debt is something he completely failed to do on his term.

Pinguinite  posted on  2021-02-05   14:16:15 ET  Reply   Trace   Private Reply  


#2. To: Pinguinite (#1)

If we had Lincoln's Greenbacks, there would be no national debt.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2021-02-05   14:36:02 ET  Reply   Trace   Private Reply  


#3. To: Horse (#2)

If we had Lincoln's Greenbacks, there would be no national debt.

As I understand it, the LG's would just have been the fed gov printing money. Sure it cuts out the fed reserve and incurred debt, but it just replaces it with inflation, as happened pre-1789 with colonial money.

Pinguinite  posted on  2021-02-05   17:01:12 ET  Reply   Trace   Private Reply  


#4. To: Horse (#2)

There you go again talking about history and telling the truth. C'MON MAN... nobody has time for that.

"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist

TommyTheMadArtist  posted on  2021-02-05   18:03:17 ET  Reply   Trace   Private Reply  


#5. To: Pinguinite (#3)

No inflation if you increase the money supply at the same rate as GDP.

We can spend the increase in Money Supply into circulation as opposed to taxing them to death.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2021-02-05   19:38:13 ET  Reply   Trace   Private Reply  


#6. To: Horse (#5)

No inflation if you increase the money supply at the same rate as GDP.

That is true but it also requires fiscal discipline which govs as a rule do not possess.

Pinguinite  posted on  2021-02-05   20:26:13 ET  Reply   Trace   Private Reply  


#7. To: Pinguinite (#3)

the LG's would just have been the fed gov printing money.

That's always been my understanding, too. But then, I'm not a money man.

StraitGate  posted on  2021-02-05   20:29:08 ET  Reply   Trace   Private Reply  


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